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Portman Ridge: 2Q Earnings Snapshot

August 6, 2019

NEW YORK (AP) _ Portman Ridge Finance Corporation (PTMN) on Tuesday reported a loss of $848,000 in its second quarter.

The New York-based company said it had a loss of 2 cents per share. Earnings, adjusted for investment costs, were 2 cents per share.

The business development company posted revenue of $6.9 million in the period.

In the final minutes of trading on Tuesday, the company’s shares hit $2.38. A year ago, they were trading at $3.29.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTMN at https://www.zacks.com/ap/PTMN

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